Spirent Communications Plc Stock Forecast
Weaker technical forecast for Spirent Communications Plc as stock downgraded to Sell Candidate.
(Updated on May 17, 2024)
The Spirent Communications Plc stock price gained 0.211% on the last trading day (Friday, 17th May 2024), rising from £189.60 to £190.00. During the last trading day the stock fluctuated 1.55% from a day low at £187.88 to a day high of £190.80. The price has fallen in 6 of the last 10 days and is down by -0.84% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 million more shares were traded than the day before. In total, 16 million shares were bought and sold for approximately £3.10 billion.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 49.51% during the next 3 months and, with a 90% probability hold a price between £260.35 and £361.88 at the end of this 3-month period.
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SPT.L Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Spirent Communications Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £190.57 and £193.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -5.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Spirent Communications Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £177.00 and £176.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Spirent Communications Plc finds support just below today's level at £177.00. If this is broken, then the next support from accumulated volume will be at £176.50 and £175.00.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £2.92 between high and low, or 1.55%. For the last week the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPT.L) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Spirent Communications Plc to open at £189.56, and during the day (based on 14 day Average True Range), to move between £185.75 and £194.25, which gives a possible trading interval of +/-£4.25 (+/-2.24%) up or down from last closing price. If Spirent Communications Plc takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £191.00 (0.53%) than the support at £177.00 (6.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Spirent Communications Plc stock A Buy?
The Spirent Communications Plc stock holds several negative signals and despite the positive trend, we believe Spirent Communications Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.680 Sell Candidate Downgraded
Predicted Opening Price for Spirent Communications Plc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| £189.56 ( 0.232%) | £190.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 192.48 | 1.31 % | |
| R2 | 191.36 | 0.718 % | ||
| R1 | 190.68 | 0.356 % | ||
| Current price: | 190.00 | |||
| Support | S1 | 188.44 | -0.82 % | |
| S2 | 187.75 | -1.18 % | ||
| S3 | 186.64 | -1.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 200.00 | 5.26 % | |
| R2 | 196.30 | 3.32 % | ||
| R1 | 191.00 | 0.526 % | ||
| Current price | 190.00 | |||
| Support | S1 | 177.00 | -6.84% | |
| S2 | 176.50 | -7.11% | ||
| S3 | 175.00 | -7.89% |
SPT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | £2.14 | 1.35% |
| 2 | Mar 07, 2023 | Mar 16, 2023 | May 10, 2023 | £4.12 | 2.31% |
| 3 | Aug 04, 2022 | Aug 11, 2022 | Sep 16, 2022 | £2.16 | 0.82% |
| 4 | Mar 10, 2022 | Mar 17, 2022 | May 10, 2022 | £3.34 | 1.44% |
| 5 | Aug 05, 2021 | Aug 12, 2021 | Sep 17, 2021 | £1.72 | 0.576% |
FAQ
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